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Cable Update (GBPUSD)

  • #565,101
  • Dec 11, 2020 8:16am Dec 11, 2020 8:16am
Quoting shahab8b
{quote} Haha, thanks. That's actually the reason I had it at 1.29. Do you think it can go lower than that?
shahab8b, you posted a flat correction diagram a few days back, it's still a valid and a good idea if you ask me...End of flat correction @1.2725
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Always trade your own plan...I don't provide trading signals.
  • #565,102
  • Dec 11, 2020 8:18am Dec 11, 2020 8:18am
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yes yes yes
  • #565,103
  • Dec 11, 2020 8:34am Dec 11, 2020 8:34am
Quoting Coreg2004
{quote} shahab8b, you posted a flat correction diagram a few days back, it's still a valid and a good idea if you ask me...End of flat correction @1.2725 {image}
Thanks Coreg. That sounds like a good target. It might need some help from the USD. Do you think a turn is around the corner?
  • #565,104
  • Dec 11, 2020 8:42am Dec 11, 2020 8:42am
Quoting Wavegarrick
{quote} Hi Guys, Just going with the flow here. For the time being, hoping to see an AB=CD pattern completion at 1.31621 ish. Also my weekly support 2. All trades locked in so no stress. All the best Cheers. {image}
Hi Guys,

It has been a great week. I must thank all of you for your support and likes. It truly keeps me going. Thanks guys
The AB=CD pattern played out nicely and thanks Coreg for confirmation.
I stay with my short trades until my system tells me otherwise.

Have a great weekend.
Cheers.
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Trade to trade another day
  • #565,105
  • Dec 11, 2020 8:45am Dec 11, 2020 8:45am
Quoting shahab8b
{quote} Thanks Coreg. That sounds like a good target. It might need some help from the USD. Do you think a turn is around the corner?
Just to be sure, I was answering "no" to the question whether GU will reach 1.29 before Monday open.
If we talk about next few weeks, then I think 1.29 and lower is very much on the cards, even without much USD help.
  • #565,106
  • Dec 11, 2020 8:54am Dec 11, 2020 8:54am
Speaking of USD, I think it showed better form this week. It held its own against EUR and gold; yes, AUD/NZD still appreciated, but maybe even they are topping. Most importantly, risk tone looks to be changing to cautious; Dow is stagnating, Nasdaq lower. Stimulus talks are stuck (aren't they always?) If risk off finally settles, we may have a good week for USD, at least until Fed meeting.
  • #565,107
  • Dec 11, 2020 8:58am Dec 11, 2020 8:58am
Ok, a small 120 pips retrace is over, and now we are back to selling. Will today's low hold? Looking at the chart, I would not bet on it.
  • #565,108
  • Dec 11, 2020 8:59am Dec 11, 2020 8:59am
Couple of shorts going, entries obvious

closing everything at 13186

Edit-screw it, closed at 13194
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  • #565,109
  • Dec 11, 2020 9:00am Dec 11, 2020 9:00am
Quoting shahab8b
{quote} Thanks Coreg. That sounds like a good target. It might need some help from the USD. Do you think a turn is around the corner?
shahab8b, I don't know...we built together the dollar chart from late April/ early May without drastic adjustments but now I'm bothered by the interior structure of W:5 which might not be finished yet...we will see how it unfolds ...as of right now we can't complain about the accuracy of our analysis.
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Always trade your own plan...I don't provide trading signals.
  • #565,110
  • Dec 11, 2020 9:03am Dec 11, 2020 9:03am
Quoting YvonneVon
Technical analysis.. . Blaaaaaa.

heading towards 1.36/7.
Sooo


Bubumbula


When 1.37??
Beware of robber banks (RB), bad advisors.
  • #565,111
  • Dec 11, 2020 9:03am Dec 11, 2020 9:03am
This thread is so funny
Beware of robber banks (RB), bad advisors.
  • #565,112
  • Edited 9:21am Dec 11, 2020 9:04am | Edited 9:21am
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yes yes yes
  • #565,113
  • Dec 11, 2020 9:10am Dec 11, 2020 9:10am
Quoting Steamroller
Back to 1.33 will do it :-)
Seemed unlikely on the daily... that would have been a full retrace.
Que Sera
  • #565,114
  • Dec 11, 2020 9:21am Dec 11, 2020 9:21am
Quoting kk300
{image}
Added more at 3190. I know it will go to 2900.. but my system is telling me to buy to 3400.. the more time it takes to go there, the reduced target there will be..
  • #565,115
  • Edited 10:10am Dec 11, 2020 9:50am | Edited 10:10am
And another long just for fun, stops to BE lets see where we can go

Just playing off trend lines and S&R, GBPUSD NY session is scalpers paradise

Holding to 1.33, Friday gut shot

Edit- ofc I closed at at 1.3227, still.. great afternoon felt bad for missing the drop this morning
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  • #565,116
  • Dec 11, 2020 10:28am Dec 11, 2020 10:28am
Will look out for buying in the purple area if we get there
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  • #565,117
  • Dec 11, 2020 11:12am Dec 11, 2020 11:12am
  •  Rgkc
  • | Joined Dec 2010 | Status: Never stop learning about forex! | 419 Posts
Easy money week
All closed for the weekend.
Waiting the news in the sunday
Studing..............
  • #565,118
  • Dec 11, 2020 11:57am Dec 11, 2020 11:57am
Quoting abconqq7
Brexit - PM Johnson: Where I stand now, it's looking very very likely we will have a no deal Follow and we can see 1.30 very soon
Quoting abconqq7
Sell scalping is perfect now!
Quoting abconqq7
It is time to sell after the retrace!!!
Quoting abconqq7
Last moment to add sell!!!!
What a waste of money.
I told you that you'll be humbled. And what's worse is that you were actually encouraging others to do the same. Hopefully, some people in this thread didn't take your drivel seriously (based on the content of your posts, I highly doubt that), otherwise they would've lost a lot of money.

A word of advice, next time don't tell people how to trade and when/where to buy/sell, just state what you're doing if you insist on posting in the first place. Anyways, I hope you learned a lesson.
  • #565,119
  • Dec 11, 2020 12:10pm Dec 11, 2020 12:10pm
Quoting Moty
YES YES YES !!! this one is for the books . i am taking a beating this week from all direction. on Tuesday i deposited 304 $ , lost them on Thursday , i deposited another 304 $ , lost them too. yesterday i deposited another 304 $ , was in profit of 100$ , but close the in profit of something like 60-70 $ . today i earn back all the the loses of the last days {image}
JEM
  • #565,120
  • Dec 11, 2020 12:17pm Dec 11, 2020 12:17pm
Quoting mysterio
Will look out for buying in the purple area if we get there {image}
I hope you are aware of a possible drop in GBPUSD which will be approximately 17000 pips down on Monday?
I guess you can calculate your loss on your buy position...
WT
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